LED lighting industry subsidy ranking in the first half of 2015: Who can surpass Sanan Optoelectronics?

China's LED companies have formed a leading cluster, the market is relatively mature, and the form of subsidies will only become narrower in the future. At present, the government mainly provides technology-based subsidies to LED companies, which involve research and development. Technology-based subsidies cause many problems. If companies want to survive, subsidies are not enough, but they cannot rely on subsidies to develop. Excessive government subsidies will lead to overcapacity and falling prices, ultimately making market competition unfair. Support from national industrial policies is good, but would it be better to let companies compete fairly? The following is an inventory of the latest LED companies subsidized by the government in 2015:

Sunshine Lighting: 80 million yuan

In 2014, Sunshine Lighting achieved a total operating income of 3.25 billion yuan, a year-on-year increase of 2.59%, and a net profit attributable to shareholders of listed companies of 288 million yuan, a year-on-year increase of 24.3%, with earnings per share of 0.30 yuan. The company plans to achieve revenue of 4 billion yuan in 2015, a year-on-year increase of 23%. It is estimated that it will mainly come from LED lighting. It is expected that the revenue growth rate of this business is still expected to be above 50%. This is mainly due to the rapid increase in demand for LED lighting after the price difference between LED lighting and energy-saving lamps narrowed. At the same time, the company is effective in developing customers. The increase in new customers last year is combined with the development of new customers this year. It is expected that the growth rate of energy-saving lamp revenue will continue to decline, but the impact on the company will weaken. It is expected that government subsidies for efficient lighting will be received in 2015, estimated to reach 80 million yuan, which is expected to increase revenue in 2015.

Dehao Runda: 70 million yuan

Dehao Runda announced on July 2, 2015 that Dalian Dehao Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary of Dalian Dehao Optoelectronics Technology Co., Ltd., recently received the "Notice on the Distribution of the 2015 Jinzhou New District Emerging Industry Development Promotion Fund Project (Second Batch)" from the Science and Technology Bureau of Dalian Jinzhou New District. The "LED Flip Chip Chip Scale Packaging" applied by Dalian Dehao Optoelectronics was approved and included in the 2015 industry fund project (second batch), with support funds of 5 0 million yuan; the holding subsidiary Bengbu Sanyi Semiconductor Co., Ltd. received the "Notice on Allocating Industrial Support Funds to Bengbu Sanyi Semiconductor Co., Ltd." from the Finance Bureau of Bengbu High-tech Industrial Development Zone (Bengbu Gaocai) [2015] No. 60), the High-tech Zone Management Committee decided at the director’s office meeting on June 27 that it agreed to allocate 20 million yuan in industrial support funds to Bengbu Sanyi for early-stage scientific and technological research and development investment in Bengbu Sanyi.

In November 2014, Wuhu Dehao Runda Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary of Dehao Runda, received the above-mentioned subsidies totaling 2.2552 million yuan from the Wuhu Social Insurance Payment Center, accounting for 25.55% of the company's 2013 audited net profit of 8.826 million yuan. In addition, financial data in the past six years found that from 2009 to the first half of this year, the government subsidies included in the current profit and loss by Dehao Runda were 8.1003 million, 269.5604 million, 310.2644 million, 224.2239 million, 2 32.0039 million and 64.4308 million. The cumulative government subsidies included in the profit and loss at the end of the period were as high as 1.108584 million yuan. The cumulative net profit realized during the same period was only 856.5226 million yuan. The government subsidies were a full 250 million yuan higher than the net profit. In other words, the 1.1 billion government subsidy played a role in "enhancing performance" and whitewashed Dehao Runda's operating performance.

Aoyang Shunchang Optoelectronics: 35 million yuan

Announced on June 11, 2015, the subsidiary Huaian Aoyang Shunchang Optoelectronics Technology Co., Ltd. received Huaian City’s investment on June 10, 2015 The People's Government of Qinghe District allocated 35 million yuan in special science and technology subsidy funds. This subsidy was allocated in accordance with the "Letter on Special Science and Technology Subsidy Funds for Huai'an Aoyang Shunchang Optoelectronics Technology Co., Ltd." from the Qinghe District People's Government of Huai'an City.

Qianzhao Optoelectronics: 32.32 million yuan

Qianzhao Optoelectronics announced on the evening of May 8, 2015 that the company recently received subsidies totaling RMB 21,554,900.00 from the Xiamen Torch High-Tech Industrial Development Zone Management Committee.

As announced on the evening of July 1, 2015, the company recently received a subsidy totaling RMB 10,777,500 from the Xiamen Torch High-Tech Industrial Development Zone Management Committee. This subsidy is a subsidy for the company to purchase MOCVD equipment used to produce LED blue and green epitaxial wafers according to the "Investment Agreement" signed between the company and the Xiamen Torch Management Committee.